Archive for August 22nd, 2010

New Week Intro August 22, 2010

Important U.S. earnings this week: Monday: Tuesday Morning (TUES), ABM Industries (ABM), Kensey Nash (KNSY), Sanderson Farms (SAFM) Tuesday: Dycom Industries (DY), Medtronic (MDT), Burger King Holdings (BKC), Big Lots (BIG), Barnes & Noble (BKS), Daktronics (DAKT) Wednesday: Toll Brothers (TOL), Coldwater Creek (CWTR), OSI Systems (OSIS), Brown Shoe Co. (BWS), Jo-Ann Stores (JAS), American […]

Dry Bulk Weekly – August 22, 2010

Baltic dry index rose 11.7% last week; Capesize Index gained 11.5%; Panamax Index rose 7.9%; Supramax and Handysize Indexes gained 13.4% and 5.3% respectively. Chinese steel mills resumed with iron ore purchases. Indian ore exports have effectively stopped  because of export tariffs / rain season / illegal mining inquiries so Indian ore is being substituted with Australian and Brazilian. With the twist of speculative euphoria and unwarranted […]

Tanker Weekly – August 22, 2010

Baltic Dirty Tanker Index fell 6.6%; Baltic Clean Tanker Index fell 2.8%. We have crude oil production returning to pre-crisis levels (2 million barrels per day shy), but the rates are really pathetic. They have built too many ships, same will happen with dry bulk. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes

The Hindenburg Omen Confirmed For Second Time

Continuing with the continuing of the Hindenburg Omen Story: The Hindenburg Omen Confirmed. It got confirmed for second time on Friday. Zero Hedge post: Second Hindenburg Omen Confirmation In As Many Days, Third H.O. Event In One Week. Longs may be forgiven if they are sweating their long positions over the weekend: not only did […]


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